Expert Management of Trusts & Estates”
Navigating the tax landscape surrounding trusts and estates is notoriously complex. To address personal and family needs while maximizing tax planning benefits, various structures can be utilized—most notably, the Family Trust.
At SGM, our wide-ranging knowledge of UK tax rules allows us to advise on when a trust is truly beneficial. we provide comprehensive support in establishing, running, and managing all compliance requirements for your trust or estate.
Our Specialized Trust & Estate Services
We offer a cost-effective, professional approach to handling even the most intricate financial legacies:
➤ Preparation of Trust & Estate Accounts: We prepare annual accounts and supporting documentation for all types of trusts. For estates with complex or lengthy administration periods, we provide interim accounts as required.
➤ Trust & Estate Self-Assessments: Ensuring all annual tax returns are accurate and filed on time to avoid penalties.
➤ Deceased’s Final Tax Affairs: Taking the burden off families by finalizing tax affairs up to the date of death.
➤ Beneficiary Reporting (R185): Preparing statements of estate income and the necessary R185 forms for income distributions to beneficiaries during the administration period.
➤ Inheritance Tax (IHT) Management: Calculating your IHT position, completing all necessary HMRC forms, and negotiating liabilities to ensure the estate is settled efficiently.
➤ Capital Gains Tax (CGT) Planning: Strategic advice for both estate and trust beneficiaries to minimize tax exposure during the transfer or sale of assets.
➤ Strategic Estate Planning: Proactive advice to curtail future inheritance tax liabilities and protect your family’s wealth for the next generation.
➤ Probate & Distribution: Dealing with the tax complexities of obtaining a Grant of Probate and managing estate distribution in a cost-effective manner.
